XRP Spot ETF Nears Historic Launch as Canary Capital Files Final Form 8-A The long-awaited XRP Spot Exchange-Traded Fund (ETF) may be only hours away from reality. According to Crypto in America journalist Eleanor Terrett, Canary Capital has officially filed its Form 8-A, marking the final regulatory step before the ETF becomes effective. Once the Nasdaq certifies the listing, expected by 5:30 PM ET Wednesday, the stage will be set for the first-ever XRP Spot ETF to launch at market open on Thursday. This filing marks a major milestone for XRP and the broader crypto market. By submitting Form 8-A, the issuer has met all SEC registration requirements and is cleared for public trading, signaling that the first XRP ETF is essentially all systems go, pending final exchange approval. When the Nasdaq ticker ‘XRPC’ goes live, it effectively confirms that the ETF is approved for launch, the final procedural step before investors can begin trading it on a regulated exchange. Notably, the XRP community has responded with palpable excitement and anticipation. For years, advocates have seen mainstream financial integration as the gateway to institutional adoption. A spot ETF, backed by direct XRP holdings, would finally let traditional investors gain exposure to XRP without the hurdles of wallets, private keys, or crypto exchanges. If approved as expected, Canary Capital’s XRP Spot ETF will not only be the first of its kind in the United States but could also serve as a gateway for similar filings from other asset managers. The move follows a wave of institutional interest in digital asset ETFs, especially after the approval and success of Bitcoin and Ethereum spot ETFs earlier this year. Analysts predict that the launch of an XRP Spot ETF could inject major liquidity into the market. Renowned for its speed and cross-border payment utility, XRP already ranks among the most adopted digital assets in enterprise blockchain. A spot ETF would further elevate its reach, opening the door for broader institutional participation and easier retail access. Moreover, this development could strengthen Ripple’s long-term positioning in the evolving financial ecosystem. With XRP’s alignment to ISO 20022, the global standard for financial messaging, the asset is strategically placed to serve as a bridge between traditional finance and digital assets, supporting global payment interoperability. As anticipation builds ahead of Thursday’s market open, traders and investors alike are keeping a close watch on the Nasdaq feed. Once the “XRPC” ticker lights up, it will symbolize not just a product launch, but a new chapter in crypto’s integration into the regulated financial system. XRP Shows Signs of Gentle Upside Amid Key Support and Resistance Levels According to market analyst Zaylia Grace, XRP is currently trading at $2.44, a price point that has captured the attention of traders and investors alike. Grace highlights that XRP is benefiting from solid support in the $2.25–$2.05 range, providing a stable foundation for potential upward movement. This support zone is crucial, as it signals that buyers are stepping in to prevent sharp declines, reinforcing confidence among market participants. On the other side of the spectrum, XRP faces resistance between $2.49 and $2.60. Breaking through this level could serve as a pivotal moment for the digital asset, opening the door to further gains and attracting additional investor interest. Resistance zones often act as psychological barriers, where sellers may look to take profits, so observing XRP’s behavior near $2.50 could offer insight into market sentiment. Conclusion The imminent launch of Canary Capital’s XRP Spot ETF marks more than a financial milestone, it’s a pivotal step in the evolution of digital assets into mainstream finance. By bridging traditional markets with blockchain innovation, this ETF could unlock a new wave of institutional confidence and capital for XRP. As Nasdaq readies the “XRPC” ticker for certification, investors are poised to witness history in the making, the transformation of XRP from a cross-border payments token into a Wall Street–listed asset. If Thursday’s debut proceeds as anticipated, it won’t just validate XRP’s real-world utility, it will signal crypto’s full arrival in the modern financial system. On the other hand,XRP’s current positioning at $2.44, supported by the $2.25–$2.05 zone and facing resistance near $2.49–$2.60, signals cautious optimism with momentum indicators suggesting a gentle upside. With solid technical footing and the potential for incremental gains, XRP remains an asset to watch closely as market sentiment unfolds.
